Canada Largest Bank $144 Billion Royal Bank of Canada Fires CFO Nadine Ahn & Employee for Undisclosed Personal Relationship with the Employee, Given Preferential Treatment Including Promotion & Compensation Increases, RBC Appoints Katherine Gibson as Interim CFO
6th April 2024 | Hong Kong
Canada largest bank Royal Bank of Canada (RBC, 5/4/24: $144 billion market value) has fired CFO (Chief Financial Officer) Nadine Ahn & an employee for undisclosed personal relationship, with the employee given preferential treatment including promotion & compensation increases. RBC has announced the appointment of Katherine Gibson as interim CFO. RBC (5/4/24): “today announced the appointment of Katherine Gibson as Interim Chief Financial Officer (CFO). She succeeds Nadine Ahn whose employment was terminated by RBC earlier today, effective immediately. RBC was recently made aware of allegations involving Ms. Ahn and immediately launched an internal review and engaged outside legal counsel to investigate. The investigation found evidence that, in contravention of the RBC Code of Conduct, Ms. Ahn was in an undisclosed close personal relationship with another employee which led to preferential treatment of the employee including promotion and compensation increases. As a result, the two individuals have had their employment terminated. The investigation found no evidence of conduct by the former CFO or the other employee with respect to the bank’s previously issued financial statements, RBC’s strategy or its financial or business performance. Ms. Gibson has been appointed interim CFO while a search is conducted. She is a respected and experienced leader who has been with the bank for 22 years, most recently as SVP, Finance & Controller, and is widely considered a trusted advisor with a strong analytical and governance mindset. In her new role, Ms. Gibson will bring a wide range of experience leading global teams and major strategic enterprise initiatives, including a deep understanding of business drivers and growth opportunities across several different areas of the bank.”
“ Canada Largest Bank $144 Billion Royal Bank of Canada Fires CFO Nadine Ahn & Employee for Undisclosed Personal Relationship, with the Employee Given Preferential Treatment Including Promotion & Compensation Increases, RBC Appoints Katherine Gibson as Interim CFO “
Canada Largest Bank $144 Billion Royal Bank of Canada Fires CFO Nadine Ahn & Employee for Undisclosed Personal Relationship, with the Employee Given Preferential Treatment Including Promotion & Compensation Increases, RBC Appoints Katherine Gibson as Interim CFO
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
